Hancom MDS Inc
MDS Tech Inc. provides embedded solutions in South Korea, Southeast Asia, India, and Oceania. It provides embedded systems development solutions and services, including debugging solutions, design automation, test automation, and in-vehicle infotainment services, as well as Windows IoT OS. The company's products also include NEOS RTOS, a real-time Operating System for embedded systems; and data d… Read more
Hancom MDS Inc (086960) - Net Assets
Latest net assets as of September 2025: ₩133.09 Billion KRW
Based on the latest financial reports, Hancom MDS Inc (086960) has net assets worth ₩133.09 Billion KRW as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩203.95 Billion) and total liabilities (₩70.86 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₩133.09 Billion |
| % of Total Assets | 65.26% |
| Annual Growth Rate | 6.55% |
| 5-Year Change | 10.15% |
| 10-Year Change | 32.98% |
| Growth Volatility | 10.43 |
Hancom MDS Inc - Net Assets Trend (2007–2024)
This chart illustrates how Hancom MDS Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hancom MDS Inc (2007–2024)
The table below shows the annual net assets of Hancom MDS Inc from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₩127.71 Billion | +7.65% |
| 2023-12-31 | ₩118.64 Billion | +13.71% |
| 2022-12-31 | ₩104.33 Billion | -6.93% |
| 2021-12-31 | ₩112.10 Billion | -3.32% |
| 2020-12-31 | ₩115.94 Billion | +3.29% |
| 2019-12-31 | ₩112.25 Billion | +4.06% |
| 2018-12-31 | ₩107.87 Billion | +8.37% |
| 2017-12-31 | ₩99.54 Billion | +4.80% |
| 2016-12-31 | ₩94.98 Billion | -1.10% |
| 2015-12-31 | ₩96.04 Billion | +8.56% |
| 2014-12-31 | ₩88.47 Billion | +11.87% |
| 2013-12-31 | ₩79.08 Billion | +10.19% |
| 2012-12-31 | ₩71.77 Billion | +20.80% |
| 2011-12-31 | ₩59.41 Billion | +36.78% |
| 2007-12-31 | ₩43.43 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hancom MDS Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 8164723649000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₩81.65 Billion | 63.93% |
| Common Stock | ₩19.29 Billion | 15.11% |
| Other Components | ₩26.77 Billion | 20.96% |
| Total Equity | ₩127.71 Billion | 100.00% |
Hancom MDS Inc Competitors by Market Cap
The table below lists competitors of Hancom MDS Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CAICA Inc
MU:RZC
|
$51.54 Million |
|
Kawan Food Bhd
KLSE:7216
|
$51.54 Million |
|
BATM ADV. COMMCTNS IS-01
F:BAV
|
$51.57 Million |
|
Shinwon
KO:009270
|
$51.58 Million |
|
Zeuus Inc
PINK:ZUUS
|
$51.52 Million |
|
Kwong Fong Industries Corp
TW:1416
|
$51.52 Million |
|
Everland Investment JSC
VN:EVG
|
$51.51 Million |
|
Qnb Finansbank AS
IS:QNBTR
|
$51.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hancom MDS Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 116,181,369,750 to 127,712,453,770, a change of 11,531,084,020 (9.9%).
- Net income of 6,865,704,620 contributed positively to equity growth.
- Share repurchases of 5,313,400,820 reduced equity.
- New share issuances of 5,313,400,820 increased equity.
- Other factors increased equity by 4,665,379,400.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₩6.87 Billion | +5.38% |
| Share Repurchases | ₩5.31 Billion | -4.16% |
| Share Issuances | ₩5.31 Billion | +4.16% |
| Other Changes | ₩4.67 Billion | +3.65% |
| Total Change | ₩- | 9.93% |
Book Value vs Market Value Analysis
This analysis compares Hancom MDS Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.86x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.10x to 0.86x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ₩11386.09 | ₩1177.00 | x |
| 2017-12-31 | ₩12099.17 | ₩1177.00 | x |
| 2018-12-31 | ₩13107.02 | ₩1177.00 | x |
| 2019-12-31 | ₩13639.64 | ₩1177.00 | x |
| 2020-12-31 | ₩14087.77 | ₩1177.00 | x |
| 2021-12-31 | ₩1358.77 | ₩1177.00 | x |
| 2022-12-31 | ₩1258.09 | ₩1177.00 | x |
| 2023-12-31 | ₩1326.60 | ₩1177.00 | x |
| 2024-12-31 | ₩1375.89 | ₩1177.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hancom MDS Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 5.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.15%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.87x
- Recent ROE (5.38%) is below the historical average (7.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 9.30% | 5.36% | 1.09x | 1.59x | ₩-267.99 Million |
| 2011 | 16.34% | 13.73% | 0.93x | 1.28x | ₩3.77 Billion |
| 2012 | 14.10% | 13.92% | 0.82x | 1.24x | ₩2.94 Billion |
| 2013 | 11.44% | 10.71% | 0.81x | 1.31x | ₩1.13 Billion |
| 2014 | 11.53% | 9.60% | 0.88x | 1.36x | ₩1.34 Billion |
| 2015 | 10.98% | 8.95% | 0.92x | 1.34x | ₩941.57 Million |
| 2016 | 10.52% | 6.65% | 1.02x | 1.54x | ₩497.63 Million |
| 2017 | 8.77% | 5.86% | 1.04x | 1.44x | ₩-1.23 Billion |
| 2018 | 5.59% | 4.37% | 0.84x | 1.52x | ₩-4.75 Billion |
| 2019 | 7.24% | 5.24% | 1.00x | 1.38x | ₩-3.10 Billion |
| 2020 | 3.63% | 2.87% | 0.83x | 1.52x | ₩-7.38 Billion |
| 2021 | -4.43% | -3.33% | 0.73x | 1.83x | ₩-16.18 Billion |
| 2022 | -6.49% | -4.41% | 0.96x | 1.53x | ₩-17.20 Billion |
| 2023 | 1.22% | 0.91% | 0.89x | 1.50x | ₩-10.20 Billion |
| 2024 | 5.38% | 4.15% | 0.69x | 1.87x | ₩-5.91 Billion |
Industry Comparison
This section compares Hancom MDS Inc's net assets metrics with peer companies in the Software & IT Services industry.
Industry Context
- Industry: Software & IT Services
- Average net assets among peers: $49,307,852,209
- Average return on equity (ROE) among peers: -8.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hancom MDS Inc (086960) | ₩133.09 Billion | 9.30% | 0.53x | $51.53 Million |
| Daishin Information & Communications Co.Ltd (020180) | $23.68 Billion | 6.99% | 1.25x | $22.09 Million |
| PLAYWITH Inc (023770) | $25.93 Billion | -23.11% | 0.68x | $6.30 Million |
| Dragonfly GF Co. Ltd (030350) | $28.36 Billion | -97.50% | 0.33x | $9.22 Million |
| UBcare. Co. Ltd (032620) | $43.84 Billion | 0.00% | 0.25x | $62.90 Million |
| Softcen Co. Ltd (032680) | $31.47 Billion | 0.00% | 0.35x | $4.89 Million |
| InfoBank Corporation (039290) | $61.17 Billion | 2.36% | 0.46x | $15.68 Million |
| Korea Business News Co. Ltd (039340) | $138.21 Billion | 13.77% | 0.26x | $22.06 Million |
| Total Soft Bank Ltd (045340) | $21.85 Billion | 17.29% | 0.60x | $26.79 Million |
| DAEA TI Co. Ltd (045390) | $88.26 Billion | 8.00% | 0.44x | $166.31 Million |
| ESTsoft Corp (047560) | $30.29 Billion | -9.09% | 1.71x | $64.92 Million |